World Trade and Local Public Interest Trade Liberalization and National Regulatory Sovereignty 1st Edition by Csongor István Nagy ISBN 3030419223 978-3030419226

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Product details:

ISBN 10: 3030419223 

ISBN 13: 978-3030419226 

Author:  Csongor István Nagy

Trade liberalization has shaped international economic relations since the conclusion of the GATT 1947. The last few decades have seen a significant shift in the focus of this process: multilateralism seems to have reached its limits, giving way to regionalism, and the focus of trade liberalization has shifted to non-tariff barriers. While these developments have attracted considerable attention, exploring them from comparative perspectives has been largely neglected. Trading systems – the WTO, regional economic integrations and federal systems – are all based on the same dichotomy of free trade and local public interest: they generally prohibit the constituent parties (states) from restricting trade, but exempt them from this limitation if the restriction is warranted by a legitimate local end.

The purpose of this volume is to contribute to filling the above-mentioned research gap by exploring central issues in regional economic integrations from a comparativeperspective. It provides a general economic analysis of the costs and benefits of trade liberalization and the role and function of normative values in commercial policy. This is followed by a comparative analysis of the approaches used in various regional economic integrations (in North America, Europe and Latin America) and federal markets (the United States, Australia and India) regarding the balance between free trade and local public interest. Key issues in investment law, one of the most contentious elements of next-generation free trade agreements, are also addressed.

Table of contents:

1. World Trade, Regional Economic Integrations and Local Public Interest: Comparative Perspectives

2. Benefits and Costs of International Trade

3. The EU in the Mirror of NPE: Normative Power Europe in the EU’s New Generation Trade and Investment Agreements

4. Acquis Communautaire+ The Copyright Aspects of the EU’s Free Trade Agreements

5. Addressing Environmental Protection in the United States-Mexico-Canada Agreement (USMCA)

6. Member State Capitalism(s) and EU Law: Protecting Local Varieties in the Single Market

7. South American Trade Policies Reconsidered: The “Convergence While Diversity” Mantra

8. The Supreme Court’s Attempts Via Its Dormant Commerce Clause Jurisprudence to Navigate State Police Power and National Free Trade: Potential Lessons for International Trade

9. The Judicial History of the Federal Market of Australia: Free Trade Versus Free Enterprise

10. India’s Tryst with Free Trade: Overcoming the Inherent Challenges of Federalism

11. Foreign Investors and Greater Transparency in Investor-State Dispute Settlement: Reevaluating Confidentiality Expectations in International Investment Arbitration

12. Investment Protection and Sustainable Development in International Investment Agreements: Building Bridges Instead of Walls

13. New Model of Investment Protection Under CETA

14. Screening of Foreign Investments: Promises and Perils of Technological Sovereignty

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Tags: Csongor István Nagy, World Trade, Local Public, Interest, Trade Liberalization, National Regulatory, Sovereignty